this post was submitted on 23 Mar 2024
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Stability AI CEO resigns because you can't beat centralized AI with more centralized AI (techcrunch.com)
submitted 8 months ago by ylai@lemmy.ml to c/technology@lemmy.world
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[–] ShittyBeatlesFCPres@lemmy.world 47 points 8 months ago (1 children)

Yeah, right. He resigned because they raised $100m and was burning through at least $8m a month. A bunch of staff left and he failed to commercialize or find a partner with deep pockets — like OpenAI with Microsoft — to lower costs. (OpenAI gets a ton of compute credits from Microsoft). Whatever the technical merits of stability AI is, it’s a shitty business.

And that’s just what’s public info. He probably was offered the opportunity to resign or be fired by their board.

[–] vanderbilt@lemmy.world 1 points 7 months ago

I'm amazed they were able to achieve anything with him at the helm